How do I sell a mobile home via rent to own and remain compliant with Dodd Frank?
We would like to sell a mobile home via rent to own and remain compliant with Dodd Frank. We purchased the unit for $8500 in a park. I've posted it for sale on craigslist as follows and would appreciate suggestions for success and again, legal compliance:
"2 bed 1 bath 1980's 14x60 (AS IS in good condition), rent to own with $1000 down. The note is $350/month and will be paid off in only 5 years. Lot rent of $220 + $80 insurance will be included in payment each month. Your total monthly rent including insurance and lot rent will be $650..."
Best,
Mike